Cerberus seeks lower price on Innkeepers: sources - Reuters India

08/24/11

Cerberus seeks lower price on Innkeepers: sources
Reuters India
Cerberus and Chatham won the hotels in a bankruptcy auction in May, but invoked a clause in the paperwork to let them back out if there were a "material adverse change" at Innkeepers, which has been under Chapter 11 protection for a year. ...

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